Correct Answer: Correct answer is: (C) Both (A) and (B).
Exam Relevance: GRE, GMAT, LSAT, MBA entrance exams
Difficulty: Easy
Concept notes: Values can be classified into two main categories: intrinsic and extrinsic.
Common Mistakes: Students may mistakenly believe that values are only intrinsic or only extrinsic, not recognizing the dual classification.
Explanations: Values are often categorized into two types: intrinsic and extrinsic. Intrinsic values are those that are inherently valuable and sought after for their own sake, such as happiness, knowledge, and personal growth. Extrinsic values, on the other hand, are those that are valuable because they lead to something else, such as wealth, fame, and status. Therefore, the classification of values includes both intrinsic and extrinsic types.
Option Analysis: - Option A: Intrinsic values are a subset of the classification but not the complete classification.
- Option B: Extrinsic values are also a subset of the classification but not the complete classification.
- Option C: Both intrinsic and extrinsic values are included in the classification of values, making this the correct answer.
- Option D: This option is incorrect as both intrinsic and extrinsic values are valid classifications.
Mnemonic: IVEX: Intrinsic and Extrinsic Values Exist
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Better question
Q44
Wilhelm Wundt opened the Institute for Experimental Psychology at the University of Leipzig in Germany in 1879.
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